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Description of Options as a Strategic Investment

Lawrence G. McMillan, a recognized expert on options, builds from a solid foundation in the basic properties and advantages of options, listed and non-equity, to detail scores of proven techniques and tactics for a wide array of market scenarios.

Now newly revised, updated and expanded, the best-selling guide that has sold over 100,000 copies, gives serious investors hundreds of market-tested strategies to maximize the earnings potential of their portfolio while reducing downside risk - regardless of how the market is performing. Reflecting today's market realities and the new innovative options products available, this cutting-edge edition of a classic features:

- An in-depth analysis of volatility and volatility trading. Updated information on all stock option strategies, reflecting recent market conditions.

- Buy and sell strategies for Long Term Equity Anticipation Securities (LEAPs).

- Detailed guidance for investing in the growing field of structured products.

- The latest developments in futures and futures options.

- The market impact of the most recent changes in the margin rules.

Comprehensive, enlightening, and empowering, packed with graphs and charts to clarify profit and loss potential, margin requirements, and criteria for selection of a position, Options as a Strategic Investment remains the definitive, indispensable resource for investors determined to master the world of options - and profit.

Title Information

ISBN:

9780735201972

Pages:

1000 pages

Format:

Hardback

Product Code:

13719

Publisher:

NYIF

Published:

01/01/1970

Edition:

4th Edition

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Contents of Options as a Strategic Investment

PART 1: Basic Properties of Stock Options and Definitions


PART 2: Call Option Strategies
Covered Call Writing
Call Buying
Naked Call Writing
Ratio Call Writing
Bull Spreads
Bear Spreads
Using Call Options
Calendar Spreads
The Butterfly Spread
Ratio Call Spreads
Combining Calendar and Ratio Spreads
Reverse Spreads
Diagonalizing a Spread


PART 3: Put Option Strategies
Put Option Basics
Put Option Buying
Put Buying in Conjunction with Common Stock Ownership
Buying Puts in Conjunction with Call Purchases
The Sale of a Put
The Sale of a Straddle
Synthetic Stock Positions
Created by Puts and Calls
Basic Put Spreads
Spreads Combining Calls and Puts
Ratio Spreads Using Puts
LEAPS
PERCs


PART 4: Additional Considerations
Buying Options and Treasury Bills
The Best Strategy?
Arbitrage
Mathematical Applications


PART 5: Index Options and Futures
Introduction to Index Option Products and Futures
Stock Index Hedging Strategies
Index Spreading
CAPS
Mathematical Considerations for Index Products
Futures and Futures Options
Futures Options
Strategies for Futures Spreads
Advanced Concepts
Taxes


Appendices:
A: Strategy Summary
B: Equivalent Positions
C: Formulae
D: Graphs
E: Qualified Covered Calls